Discover the Steps to Apply for the BoA Unlimited Cash Rewards Card
The BoA Unlimited, true to its name, is all about offering exceptional rewards that remain valid for as long as you use the card; learn how to apply now.
Key Insights Before Applying for the BoA Unlimited Cash Rewards Card
The Bank of America Unlimited Cash Rewards card, partnered with Visa Signature, offers an unlimited 1.5% cashback on every purchase, with extra benefits for Preferred Rewards members.
Joining the Preferred program unlocks a variety of unique benefits.
With credit card usage, you can boost your reward rate to as high as 2.62%, which can have a meaningful impact on your budget.
To be eligible for this program, applicants must have an active and qualifying Bank of America account.
Additionally, maintaining a combined average balance of $20,000 over 3 months is necessary, covering both deposit and Merrill investment accounts.
There’s no annual fee for the Bank of America card, and it comes with a 15-month introductory APR on balance transfers and purchases.
After the introductory period, interest rates can vary between 18.24% and 28.24%. For balance transfers, fees start at 3% and may rise to 4% later.
The card also offers a $200 sign-up bonus for new users who spend $1,000 or more within the first three months.
Rewards can be redeemed in various ways, including statement credits, deposits into your Bank of America account, or purchases through Amazon.com and PayPal.
For further details, keep reading on!
Eligibility Criteria
Initially, you don’t need to be a Bank of America customer to get this card. If you qualify for the BoA Unlimited, you’ll automatically create a card account.
To qualify for the BoA Unlimited, applicants must be at least 18 years old or up to 21 in specific locations, such as Puerto Rico.
The services associated with the card are available in all 50 states across the United States. To be eligible for this card, you need to be a US citizen or a foreign national who possesses a valid and properly documented passport along with a work visa.
Your credit history should ideally show a good to excellent score, usually ranging from 670 to 700 FICO points.
You will also need to provide verifiable and official income documentation as part of the card approval process.
It’s important to understand that fulfilling these requirements does not ensure approval, as each application is evaluated at the discretion of Bank of America based on availability.
How to Apply for the BoA Unlimited Cash Rewards Card?
The Bank of America website has a prominent “Apply Now” button that guides interested applicants to the application form.
Once you’re on the application form, you’ll need to enter basic information like your full name, last name, home address, phone number, and email.
If you’re already a Bank of America customer, logging in can make the process easier. After logging in, you’ll need to provide banking details such as your Social Security number, type of housing, monthly expenses, and income.
These are generally the essential details the bank requires, which will then lead to a comprehensive credit evaluation.
During your application, you may need to provide documentation such as proof of residence, a scanned copy of your driver’s license or passport, and recent bank statements to confirm your income.
If you have any questions or face any issues, feel free to contact the bank through online chat or other customer service options, including the provided phone number.
Additional Information
This card is very versatile, allowing you to use it without the physical version through smartphone digital wallets. For security, BoA provides:
- Fraud prevention lock
- $0 liability for fraud
- Overdraft protection via Balance Connect
- Mobile banking control
- Account alerts
- FICO score tracking
Thus, beyond just rewards, this option proves to be excellent for managing finances.
Interested in another choice?
The Capital One SavorOne card also emphasizes rewards, providing 1% on all qualified purchases and up to 3% in select categories for daily spending.
Moreover, this choice offers solid security and convenience features, and you can discover how to apply.
